Low prices keep shale oil in the ground, for now
A Reuters opinion piece by Mike Corones postulates that low oil prices could actually be good for the environment, as U.S. drillers are forced to hold off on new wells until the pricing structure recovers.
That, in turn, means much of the hard-to-reach shale oil that is fueling the worldwide glut of supply will stay in the ground. And that, at least, is good for the environment.
Read the whole piece here.
